Latest Energy News in Iran – Iran’s economy, while diversified, is still heavily influenced by the state of the oil and gas market. Read more about recent news and developments in the sector here.
Iran and Iraq have signed a memorandum of understanding (MoU) to supply NGL 3100 feedstock to Dehloran Petrochemical Plant, in western Iranian border province of Ilam.
The oil ministers of Iraq and Iran signed several memoranda of cooperation to strengthen mutual collaboration during a meeting in the Iraqi capital Baghdad. Iraqi Oil Minister Hayan Abdel Ghani and his Iranian counterpart Mohsen Paknejad also explored future opportunities.
Iran's power grid is under severe strain as a prolonged drought reduces hydropower generation while summer electricity demand reaches record levels, raising fears of widespread blackouts in coming months.
Iran is losing between 20-28 million liters of fuel daily to smuggling operations, costing the country $140 million in potential export revenues each day, according to a member of Iran's Anti-Smuggling Headquarters.
The CEO of Iran's South Pars Gas Complex says in the Persian year of 1403 (from March 20- 2024 to March 20, 2025), the complex injected over 196 billion cubic meters of natural gas into the national grid thanks to efforts by Iranian specialists at the thirteen refineries of South Pars Gas field in the Persian Gulf.
Iran has started production from the eighth well in Phase 11 of the South Pars gas field, in the Persian Gulf—the largest gas field in the world. The achievement was made possible through the efforts of Iranian experts
The Deputy Minister of Oil and CEO of the National Iranian Oil Refining and Distribution Company announced that the total daily gasoline production in the country has reached approximately 120 million liters.
Iranian Oil Minister Mohsen Paknejad, in a phone call on Wednesday with his Iraqi counterpart, Hayan Abdul Ghani, emphasized vigilance against what he called "enemy provocations,” according to Iran's official government news portal.
Iran's Oil Minister Mohsen Paknejad announced plans to showcase new investment opportunities in the oil sector, coinciding with increased crude production of 50,000 barrels per day.
Iran’s Ministry of Petroleum has rejected claims by Iraq’s oil minister regarding the alleged seizure of Iranian oil tankers by the US, calling the reports "unfounded and politically motivated."
The Iranian Ministry of Petroleum announced that the inclusion of Mohsen Paknejad, Iran's Minister of Petroleum, in the latest sanctions list by the US Department of the Treasury is a result of his extensive efforts to maximize Iran's oil sales, adding the US will not succed in hindering Iran's efforts to sell oil.
The Central Bank of Iran’s auditor has revealed that petrochemical companies have failed to return 30% of their export revenues this year, up from 12% the previous year.
According to the Legal Affairs Department of the Iranian President’s Office, the tribunal in the Crescent arbitration case has dismissed the UEA-based company’s claim that the National Iranian Oil Company (NIOC) is liable for damages incurred by third parties (companies contracted by Crescent).
Iran’s oil minister has dismissed the US policy of imposing maximum pressure to halt Iran’s oil exports as a failed strategy, asserting that reducing Iran’s oil exports to zero is an unattainable goal.
Iran plans to combat fuel smuggling through a new smart monitoring system, CEO of the National Iranian Oil Refining and Distribution Company (NIORDC), Mohammad Sadegh Azimi-Far, has announced.
A former Iranian representative to the OPEC Board of Governors, emphasized the need for Iran to pursue new trade opportunities with countries threatened by the US, rather than solely relying on nuclear negotiations for economic relief.
Iranian Oil Minister Mohsen Paknejad has stated that the Islamic Republic is planning to invest up to $120 billion in petroleum projects as the country seeks to increase its oil and gas production to respond to a rising demand for energy.
The first private oil dock in South Pars, located in Kangan, southern Iranian province of Bushehr, has commenced operations with the successful fueling of a Bangladeshi ship.
Iran has reached a new milestone in gas production, with a daily output of 865 million cubic meters of sweet gas, surpassing the ministry of petroleum's commitment of 845 million cubic meters.
Several Iranian officials, including the government spokesperson, ministers and deputy ministers, and the head of the Environmental Protection Organization, have joined the Two Degrees Less initiative, proposed by President Massoud Pezeshkian to prevent gas pressure drops, power outages, and air pollution during the winter.
